Coty: Fiscal 4Q Earnings Snapshot
NEW YORK (AP) _ Coty Inc. (COTY) on Wednesday reported a loss of $2.8 billion in its fiscal fourth quarter.
On a per-share basis, the New York-based company said it had a loss of $3.72. Earnings, adjusted for one-time gains and costs, were 16 cents per share.
The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 16 cents per share.
The beauty products company posted revenue of $2.12 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $2.13 billion.
For the year, the company reported that its loss widened to $3.78 billion, or $5.04 per share. Revenue was reported as $8.65 billion.
Coty shares have climbed 34% since the beginning of the year. The stock has decreased 28% in the last 12 months.